In most markets, the amount of homes available for sale are growing creating a balanced to Buyer’s Market in some cases. Richmond is still firmly entrenched in a Buyer’s Market. The Eastside and North Van remain strong with low supply. Pricing remains steady and with sales levels below typical amounts for April, pricing needs to be sharp for sellers. Buyers are active and there are opportunities for them to act on.

Attached below are the updated Sales and Listings Stats for the month ending April. A few numbers of note:

 

0-4 Months Supply = Sellers Market

5-6 Months Supply = Balanced Market

7 +  Months Supply = Buyers Market

 

Greater Vancouver – 2,837 Sales, down 2.2% from March 2012. At month’s end there were 17,559 active listings, a 6 Month’s Supply of properties (Balanced Market).

Vancouver West Side – 550 Sales, down 10.5% from March 2012. At month’s end there were 3,386 active listings, a 6 Month’s Supply of properties (Balanced Market).

Vancouver West Side Houses – 130 Sales, down 14.5% from March 2012. At month’s end there were 949 active listings, a 7 Month’s Supply of properties (going towards a Buyer’s Market)

Vancouver West Side Condos – 360 Sales, down 8.7% from March 2012. At month’s end there were 2,090 active listings, a 6 Month’s Supply of properties (Balanced Market).

Vancouver East Side – 341 Sales, up 1.5% from March 2012. At month’s end there were 1,302 active listings, a 4 Month’s Supply of properties (trending towards Seller’s Market).

Vancouver East Side Houses – 135 Sales, down 12.9% from March 2012. At month’s end there were 549 active listings, a 4 Month’s Supply of properties (up from 3 months in March) still in a Sellers’ Market.

Vancouver East Side Condos – 152 Sales, up 10.1% from March 2012. At month’s end there were 565 active listings, a 4 Month’s Supply of properties (Seller’s Market).

West Vancouver Houses – 83 Sales, up 6.4% from March 2012. At month’s end there were 475 active listings, a 6 Month’s Supply of properties (Balanced Market) – with some exceptions of quicker sales happening.

North Vancouver Houses – 118 Sales, down 2.5% from March 2012. At month’s end there were 33 active listings, a 3 Month’s Supply of properties (Seller’s Market with very low inventory levels).

Richmond – 307 Sales, flat to March 2012. At month’s end there were 2,552 active listings, an 8 Month’s Supply of properties (Buyer’s Market continues).

sales_and_listing_stats_regional_b.pdf

sales_and_listings_stats_houses_townhouses_condos_a.pdf

rebgv_statspackage_april2012.pdf